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2481 Deerwood Drive - LoopNet · 2481 Deerwood Drive. 5 EXCLUSIVE AGENTS Jeff Morgenstern 16-1550...

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Jeff Morgenstern Senior Managing Director 925.467.0905 | [email protected] CA RE License# 01275910 Dan Watson Managing Director 925.467.0903 | [email protected] CA RE License# 01438710 16-1550 | 11.16 Owner/User or Investor or Redevelopment Property OFFERING MEMORANDUM 2481 Deerwood Drive 2481 Deerwood Drive San Ramon, CA Price: $7,600,000 (±$150 PSF) Size: ±50,835 SF EXCLUSIVE AGENTS
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Page 1: 2481 Deerwood Drive - LoopNet · 2481 Deerwood Drive. 5 EXCLUSIVE AGENTS Jeff Morgenstern 16-1550 11.16 Dan Watson SITE PLAN 2481 Deerwood Drive 2481 DEERWOOD DRIVE CROW CANYON ROAD

Jeff Morgenstern Senior Managing Director925.467.0905 | [email protected] RE License# 01275910

Dan Watson Managing Director925.467.0903 | [email protected] RE License# 01438710

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Owner/User or Investor or Redevelopment PropertyOFFERING MEMORANDUM

2481 Deerwood Drive

2481 Deerwood DriveSan Ramon, CAPrice: $7,600,000 (±$150 PSF) Size: ±50,835 SF

EXCLUSIVE AGENTS

Page 2: 2481 Deerwood Drive - LoopNet · 2481 Deerwood Drive. 5 EXCLUSIVE AGENTS Jeff Morgenstern 16-1550 11.16 Dan Watson SITE PLAN 2481 Deerwood Drive 2481 DEERWOOD DRIVE CROW CANYON ROAD

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2 Jeff MorgensternDan Watson

Newmark Cornish and Carey is pleased to exclusively offer the opportunity to purchase 2481 Deerwood Drive, San Ramon, California (the “Property”), consisting of an approximate ±50,835 gross square foot, two story office building. The Property benefits from outstanding views and close proximity to numerous retail amenities and access to Interstate 680 freeway.

The Property, currently a disaster recovery center, offers a larger owner user the rare opportunity to buy a building of this size in the Tri-Valley marketplace. The Property has been owner occupied for many years, and can remain as a single tenant office building, demised and multi-tenanted to provide flexibility and income, or potentially redeveloped. Currently, residential multi-family is located on two sides of the Property, and office developments are located immediately down the street. Parking at the project is approximately 1.81/1,000 gross square feet.

Current zoning is OA (Administrative Office), but is surrounded by residential properties zoned RM (Medium Density Residential) and RMH (Medium-High Density Residential) allowing for 6 to potentially as high as 22 units per acre. Further information regarding zoning including residential, medical or other mixed uses can be found at www.ci.san-ramon.ca.us/zoning/zo.html.

DO NOT DISTURB TENANTTo discuss the offering or arrange a tour, contact exclusive agents.

Jeff Morgenstern Senior Managing Director 925.467.0905 [email protected]

Dan Watson Managing Director 925.467.0903 [email protected] OFFERING TERMS:

Price: $7,600,000 (±$150 per gross square foot)

Size: ±50,835 square feet

Parcel: ±4.43 acres

THE OFFERING

2481 Deerwood Drive

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Sungard AS currently operates a Disaster Recovery Center in the building. The building has heavy power and significant disaster recovery center infrastructure and equipment in place including a Halon Fire Suppression System, Diesel Generator, raised flooring and additional HVAC cooling systems.

OWNER/USER OPPORTUNITYThe building is currently occupied by a single tenant. Further, a buyer has the capability to easily multi-tenant the building and occupy a portion. Attractive financing options including both conventional and SBA loans are available.

RARE SIZE VACANCYThe building is one of only eight buildings in San Ramon between 20,000 and 100,000 RSF that could accommodate a full building user.

STRONG MARKET FUNDAMENTALS

Vacancy for office space in the city of San Ramon is 12.8%, which is the lowest it has been since 2000. Vacancy outside of Bishop Ranch is even lower, with a rate of 6.78%. Rents continue to rise and owners are pushing back in negotiations on all leasing concessions, making now a good time to eliminate future market risk through ownership.

CHANCE FOR REDEVELOPMENTThe Building is surrounded by medium-high and high density housing, making the site a potential candidate for future residential redevelopment.

OFFERING HIGHLIGHTS

2481 Deerwood Drive

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4 Jeff MorgensternDan Watson

Address: 2481 Deerwood Drive, San Ramon, CA

APN: 208-640-003-9

Size: ±50,835 square feet

Acres: ±4.43 gross acres

Built: 1986/1987

Floors: Two story

Parking: ±1.81/1000 (92 stalls)

Zoning: OA (Administrative Office)

Other: - Heavy power to the Building - Diesel Generator on site - Halon Fire Suppression System - Significant Disaster Recovery Infrastructure in place - Dock door

PROPERTY OVERVIEW

2481 Deerwood Drive

Page 5: 2481 Deerwood Drive - LoopNet · 2481 Deerwood Drive. 5 EXCLUSIVE AGENTS Jeff Morgenstern 16-1550 11.16 Dan Watson SITE PLAN 2481 Deerwood Drive 2481 DEERWOOD DRIVE CROW CANYON ROAD

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5 Jeff MorgensternDan Watson

SITE PLAN

2481 Deerwood Drive

2481 DEERWOOD DRIVE2481 DEERWOOD DRIVE

CROW CANYON ROADCROW CANYON ROAD

DEERWOOD DRIVEDEERWOOD DRIVE

BOLLINGER CANYON ROAD

BOLLINGER CANYON ROAD

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6 Jeff MorgensternDan Watson

FIRST FLOOR

PLANS ARE APPROXIMATE AND NOT TO SCALE

2481 Deerwood Drive

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7 Jeff MorgensternDan Watson

SECOND FLOOR

PLANS ARE APPROXIMATE AND NOT TO SCALE

2481 Deerwood Drive

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Jeff MorgensternDan Watson

DEERWOOD DRIVEDEERWOOD DRIVE

DEER

WOOD

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DEER

WOOD

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FOSTORIA WAYFOSTORIA WAY

CROW CANYON ROAD

CROW CANYON ROAD

BOLLINGER CANYON ROAD

BOLLINGER CANYON ROAD

PORTER DRIVEPORTER DRIVE

SAN RAMON VALLEY BOULEVARD

SAN RAMON VALLEY BOULEVARD

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SITE AERIAL

SITE

2481 Deerwood Drive

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9 Jeff MorgensternDan Watson

2481 Deerwood Drive

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.16Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

Jeff Morgenstern Senior Managing Director 925.467.0905 [email protected] CA RE License# 01275910

Dan Watson Managing Director 925.467.0903 [email protected] CA RE License# 01438710

SITE

2481 Deerwood Drive


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